Life and AD&D insurance

What you need to know

The only certain things in life are death and taxes. And accidents happen, too. There’s no way to avoid them entirely, so why not at least be prepared for them? That’s where life and accidental death and dismemberment (AD&D) insurance come in. Life insurance pays money to your beneficiary if you die. AD&D insurance pays a benefit in the event you get dismembered or die because of an accident.

Insurance for you

Basic life and AD&D cost you nothing

Autodesk provides basic life and AD&D coverage of 1 times your annual salary, with a minimum coverage of $50,000. This coverage is provided automatically at no cost to you.

Supplemental employee life and AD&D

You can purchase supplemental life and AD&D coverage of up to 7 times your annual salary, to a maximum of $2,000,000 each for basic and supplemental coverage. You may elect different amounts for life and AD&D.

Evidence of insurability (EOI)

EOI, sometimes called proof of good health, is required in certain circumstances. You’ll need to provide EOI by answering medical questions if you select coverage that is over 5 times your annual salary. You’ll also need to provide EOI if you newly elect supplemental life insurance coverage or increase by more than one level during annual open enrollment or a life event.

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Life is full of big questions

What should I have for lunch? Will it rain today? Oh, and do I have enough life insurance? Use Prudential’s life insurance calculator to help break down how much coverage is enough for you.

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Insurance for your family

You can purchase life and AD&D coverage for your spouse or partner, in amounts ranging from $10,000 to $250,000.

You can purchase life insurance coverage for your child(ren) in amounts of $5,000 or $10,000. Autodesk provides $10,000 of child AD&D coverage at no cost to you.

Evidence of insurability (EOI)

Your spouse or partner will be required to provide EOI by answering medical questions if you enroll in dependent coverage for more than $150,000 or increase coverage by more than $50,000.

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Keep your beneficiaries up to date

Be sure to name beneficiaries for your basic and supplemental life and AD&D coverage in Workday.

Remember to review your beneficiaries when you experience a qualifying life event such as marriage, divorce, or the birth of a child to ensure your selections are up to date.

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Cost for coverage

Life insurance costs are based on your or your spouse or partner’s age and the amount of coverage selected. AD&D costs are a fixed rate based on the amount of coverage selected. You can view costs for all coverage levels in Workday.

The IRS considers the cost of any basic life insurance coverage over $50,000 to be taxable income, otherwise known as imputed income. If you have basic life insurance coverage greater than $50,000, the value will be treated as taxable income and will be included on your pay statements and on your W-2. View the Benefits Guide for more information about imputed income.

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